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with a heavy emphasis on the economy. something that we've heard a lot about on the campaign trail. >> what i'm most concerned about is having a serious discussion about what we need to do to keep the country growing. and to keep social security for hard-working americans. >> do you want four more years with people struggling to find jobs? >> mitt romney told supporters that the debate is not about victory toward >> governor romney is perhaps the underdog but he is going to be ready on the issues which is really what this election is about. >> on the other side the debate could have more pressure. >> i think the debate will be interesting in their quarter to back up their statements. they will be held accountable for more than they had to be held accountable for the past. >> both candidates know that every question counts and from those it can be costly. >> very few will win an election but quite a few also lost. >> what happens tonight could decide what happens on november 6th. >> as a reminder, go to our new channel. co
with a heavy emphasis on the economy. something that we've heard a lot about on the campaign trail. >> what i'm most concerned about is having a serious discussion about what we need to do to keep the country growing. and to keep social security for hard-working americans. >> do you want four more years with people struggling to find jobs? >> mitt romney told supporters that the debate is not about victory toward >> governor romney is perhaps the underdog but he is going...
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the big emphasis on the economy. and of course we are counting down to the presidential debate. coming up 5:30 we w speak to speak with ou political candidate. analysis. >>pam: the oakland athletics are within striking distance. j. r. stone has the latest. we will hear from him and sports director, gary radnich. i don't spend money on gasoline. i am probably going to the gas station about once a month. last time i was at a gas station was about...i would say... two months ago. i very rarely put gas in my chevy volt. i go to the gas station such a small amount that i forget how to put gas in my car. [ male announcer ] and it's not just these owners giving the volt high praise. volt received the j.d. power and associates appeal award two years in a row. ♪ starting at $6.99. our tri-tip with hand-breaded onion straws, our crispy shrimp smothered in bang bang sauce, and tuscan chicken on focaccia. sizzler. ... ... high speed internet at home on our newly expanded advanced digital network, a connection you can count on. introducing at&t u-verse high speed internet with more speed o
the big emphasis on the economy. and of course we are counting down to the presidential debate. coming up 5:30 we w speak to speak with ou political candidate. analysis. >>pam: the oakland athletics are within striking distance. j. r. stone has the latest. we will hear from him and sports director, gary radnich. i don't spend money on gasoline. i am probably going to the gas station about once a month. last time i was at a gas station was about...i would say... two months ago. i very...
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who has the better plan to turn this economy around? present about--obama power of the competition change? >> he's got to connect policies to the economic conditions that we're experiencing right now. yet to meet the choice between himself and governor romney. >> they say the debate is not about winning. >> obama advisers are also spending, reminding president-as voters that the present has had to cut back on some of his spending. >> both sides, and fumbles could be costly. >> after tonight's debate candidates will square off two more times before election day. >> remember we are going to carry the live on interrupted a debate on our 247 news and weather channel comcast 193 and digital 4.2. that is tonight at 6:00 p.m.. >> we're looking for cooler weather this week. we're starting to get a bit of relief from the hot weather in the triple digits. there is a live look at the fog free golden gate bridge. temperatures are mainly in the '50s and '60s and we have a couple of '70s on the map. about 72 and antioch and 71 in san jose. sampras th
who has the better plan to turn this economy around? present about--obama power of the competition change? >> he's got to connect policies to the economic conditions that we're experiencing right now. yet to meet the choice between himself and governor romney. >> they say the debate is not about winning. >> obama advisers are also spending, reminding president-as voters that the present has had to cut back on some of his spending. >> both sides, and fumbles could be...
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what is the shape of the economy? is this an economy you really want to take investment risk in? >> we actually think this is the time to start absorbing more risk. you see that even in some of the style indices, contrarian strategies are just now starting to do better because of the liquidity that we're awash in and also the fact that i think we are getting job growth, albeit slowly. things are improving. >> tom: that's the economy. the earnings play here is pet >> tom: that's the economy. the earnings play here is pet smarlx a nice rally and gained momentum back in late may when it raised its financial outlook and this friday will be added to the s&p 500 him so what's the earnings outlook for pet smart? >> so we think it continues to be strong. remember, this company has had 7% comps, and lauishing economic growth. part of the reasons their competition is so weak. either their debt laid ep or have other organizational issues. so our expectation is that the economy does improve that they'll get even stronger. one of the systemic things they're doing is increasing the amount of s
what is the shape of the economy? is this an economy you really want to take investment risk in? >> we actually think this is the time to start absorbing more risk. you see that even in some of the style indices, contrarian strategies are just now starting to do better because of the liquidity that we're awash in and also the fact that i think we are getting job growth, albeit slowly. things are improving. >> tom: that's the economy. the earnings play here is pet >> tom:...
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with twenty five percent unemployment there's this huge you know black market economy underground economy that has to get pulled back up as well they've got to be paying taxes so there's got to be reformed and whether you want to call it a stereo or not i think someone's got to go through and try and change the system which unfortunately is almost politically impossible right because it's so hard to get the votes to do that so i think we keep this limber lumbering around and you've got the banks at one side demanding their bailouts the people demanding their bailouts and at some point it's all going to give the less we are going to hear and i can say with you and i think it's really interesting is that you know the people on the ground unemployed people see saw the banks bailed out the financial sector bailed out politicians protected i mean i know it's very popular but people say now how about me brooke bail me out and i know i know that's nonsensical on many ways but i can understand how people feel that way. yeah and again i think that's why at least in spain they've got to take this c
with twenty five percent unemployment there's this huge you know black market economy underground economy that has to get pulled back up as well they've got to be paying taxes so there's got to be reformed and whether you want to call it a stereo or not i think someone's got to go through and try and change the system which unfortunately is almost politically impossible right because it's so hard to get the votes to do that so i think we keep this limber lumbering around and you've got the...
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handling the economy? vi% approve. 51% disapprove. brit, while right track/wrong track is narrowing there is still real negative numbers in the polls for president obama. >> well, for romney to have a chance, there better be. because that is the issue that is central. he had been gaining ground on the issue in a way a lot of people thought wasn't possible. if he has begun to retreat, romney needs that to happen. he needs to emerge from the whole campaign, the debates part of them as the person with the ability and the stronger plan for the economy. because this is not an economy that people find to their liking. not agreeable to people. that is where romney needs to be strong. >> bret: chuck, their target audience tonight? >> maybe state of ohio. i really mean that. without ohio, romney, most scenarios just can't win. he is going to have to come up with a message that tips ohio his way, and doesn't leigh out or ail yep nate anyone else -- alienate anyone else. he does seem to be trailing by a significant m
handling the economy? vi% approve. 51% disapprove. brit, while right track/wrong track is narrowing there is still real negative numbers in the polls for president obama. >> well, for romney to have a chance, there better be. because that is the issue that is central. he had been gaining ground on the issue in a way a lot of people thought wasn't possible. if he has begun to retreat, romney needs that to happen. he needs to emerge from the whole campaign, the debates part of them as the...
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economy. out of six 15-minute segments, 3 will focus on the nation's finances. the economy remains a top issue for voters. and many americans are anticipating a victory from the president. pew research reports 51% of voters say they think obama will win in tonight's broadcast. an analyst with the sunlight foundation tells first business that the pressure is on for the romney campaign. "in the polls it looks like romney is falling behind and falling further behind in the battleground states. although nationally it's a very close election, he's been hammered in the battleground states. the debates can be a great equalizer for him, but also that increases the pressure on him, whereas i think we are going to see barack obama playing a lot more defense." that was bill allison of the sunlight foundation. at long last, a wall street firm is being sued for fraud in connection with the housing crash. the suit was filed monday by the new york attorney general. the lawsuit holds jp morgan chase responsib
economy. out of six 15-minute segments, 3 will focus on the nation's finances. the economy remains a top issue for voters. and many americans are anticipating a victory from the president. pew research reports 51% of voters say they think obama will win in tonight's broadcast. an analyst with the sunlight foundation tells first business that the pressure is on for the romney campaign. "in the polls it looks like romney is falling behind and falling further behind in the battleground...
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your office needs covered unfortunately staples business model has the destruction of the american economy covered to tell you winds and eyes. in the most of the rest of the news this week the two thousand and three u.s. soldier was killed in afghanistan this is the nation's longest running war and it's also the forgotten war the two thousand death of an american soldier didn't get near the attention it deserves in our corporate media nor did how many afghan civilians have been killed in this war the u.n. estimates that more than thirteen thousand innocent afghan civilians have died so far although the u.n. only started keeping track in two thousand and seven six years after the war started so the numbers probably much closer to twenty thousand or maybe. and many more than that a lot of dead innocent men women and children today would turmoil in the middle east the mainstream media asked silly questions about the muslim world like why do they hate us maybe it has something to do with those civilian death tolls it's becoming increasingly creasy only obvious that drone warfare is a real part
your office needs covered unfortunately staples business model has the destruction of the american economy covered to tell you winds and eyes. in the most of the rest of the news this week the two thousand and three u.s. soldier was killed in afghanistan this is the nation's longest running war and it's also the forgotten war the two thousand death of an american soldier didn't get near the attention it deserves in our corporate media nor did how many afghan civilians have been killed in this...
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the economy takes center stage. we'll find out what president obama and mitt romney have to say to win voters. >>> bald may or may not be beautiful. it is in the eyes of the beholder but is it all powerful? will it could give some men a big advantage in business. even when they say it's not, it is always about money. melissa: let's take a look at the day's market headlines. a choppy day for stocks. better than expected data from adp on private sector jobs and unexpected rise in service sector activity. din actually give a boost to wall street. the dow rose 12 points. meanwhile shares of hewlett-packard plunging to a nine-year low. ceo meg whitman warned profit and revenue will fall through the coming fiscal year. whitman says, the company's ongoing turn around effort is causing the gloomy outlook. >>> shares of netflix leaping more than 8%. a top citigroup analyst gives the company a strong outlook saying it is due to improved satisfaction among netflix subscribers. finally. take a look at that stock though, on fire
the economy takes center stage. we'll find out what president obama and mitt romney have to say to win voters. >>> bald may or may not be beautiful. it is in the eyes of the beholder but is it all powerful? will it could give some men a big advantage in business. even when they say it's not, it is always about money. melissa: let's take a look at the day's market headlines. a choppy day for stocks. better than expected data from adp on private sector jobs and unexpected rise in service...
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than the rest by this softer economy. and so i would do what governor romney has been doing and that is continue to address the base issues. this is an election that has to look at how well we have done over the last four years. president obama was elected with this hope and this vision for change. and we have seen change actually for the worst. i think it is very fair to look at his record and say here is what he said four years ago and here is what he hasn't accomplished. so obviously a lot of tonight is going to be about president obama's record, just since four years ago president obama was looking back at the record of those he wanted to replace. >> former republican governor out here. thanks for coming on this. >>> the monthly private payrolls report is out today. markets are just opening. let's get to the market run down. becky quick is here on the other side of the camera. >> i like this. >> private payroll, adp. mid 100s. does it tell us anything? >> 162 is better than the street has been expecting. adp does payr
than the rest by this softer economy. and so i would do what governor romney has been doing and that is continue to address the base issues. this is an election that has to look at how well we have done over the last four years. president obama was elected with this hope and this vision for change. and we have seen change actually for the worst. i think it is very fair to look at his record and say here is what he said four years ago and here is what he hasn't accomplished. so obviously a lot...
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and what i can tell you is our experience is we have strangled our economy. so our debt is going up, when your economy shrinks by definition your debt to gdp ratio, your debt to national income ratio goes up instead of down. >> when we come to the euro zone before i leave it, it will survive intact? >> i think it will, yes. the bad news is, it is going to muddle along, not come soaring forward. >> and to cam forward, soaring forward it has to do what? >> it has to two do two things it has to mutualize debt so the confidence we have talked about earlier. >> mutualized debt means everybody -- >> there is joint and several liability for debt in the currency zone and the truth is, greece is two percent of the euro zone economy. >> right. >> and it should never have been allowed to become a threat to the global economy, and it has become a threat to the global economy, because it is not clear the other countries of the euro -- >> paying back part of greek's debt. >> yes the short answer there is no escape from sharing the burden -- >> you are a politician in germa
and what i can tell you is our experience is we have strangled our economy. so our debt is going up, when your economy shrinks by definition your debt to gdp ratio, your debt to national income ratio goes up instead of down. >> when we come to the euro zone before i leave it, it will survive intact? >> i think it will, yes. the bad news is, it is going to muddle along, not come soaring forward. >> and to cam forward, soaring forward it has to do what? >> it has to two do...
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we need a one-nation economy. and the first big mission of the next labor government is to sort out the banks. sort them out once and for all. not just -- [applause] not just prevent another crisis but to do what hasn't been doing in decades. necessary to enable us to pay our way in the world. we need banks to serve the country, not a country that serves the banks. [applause] think about the small business i talked about earlier on. he wanted to be able to go to the bank, look at the manager in the eye, and know he was working for him. instead he found a bank more interested in playing the international money markets. that's why he was ripped off. of course, this government promised change, but things aren't really changing. so i've got a message for the bank. we can do this the easy way or the hard way. either you fix it yourselves between now and the election, or the next labor government will once and for all ensure that the high street bank is no longer the arm of a casino operation and we will -- [inaudible]
we need a one-nation economy. and the first big mission of the next labor government is to sort out the banks. sort them out once and for all. not just -- [applause] not just prevent another crisis but to do what hasn't been doing in decades. necessary to enable us to pay our way in the world. we need banks to serve the country, not a country that serves the banks. [applause] think about the small business i talked about earlier on. he wanted to be able to go to the bank, look at the manager in...
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who would better handle the economy. they think he needs to do it tonight to shift the race in his favor. >> we'll see how he does, john. how does the president though stack up to past incumbents seeking re-election? >> when you look at these numbers that's whoo you have to say forget anybody. pay no attention to anybody who tells you this race is over. because sometimes historical trends take hold. let's look at these back through the years. this is 1992. george h.w. bush was running for re-election. look at this. he actually had pretty decent, gdp, first quarter, second kwarder, third quarter of the election year. the strength of the u.s. economy. george h.w. bush had good growth. he lost the election because bill clinton and ross perot convinced people the economy was struggling. this race this year looks a little bit like 2004. george w. bush had very struggling numbers. not so strong, decent third quarter, decent third quarter helped president bush heading into his re-election campaign. look how weak growth has been
who would better handle the economy. they think he needs to do it tonight to shift the race in his favor. >> we'll see how he does, john. how does the president though stack up to past incumbents seeking re-election? >> when you look at these numbers that's whoo you have to say forget anybody. pay no attention to anybody who tells you this race is over. because sometimes historical trends take hold. let's look at these back through the years. this is 1992. george h.w. bush was...
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we changed our plan and did something about our economy. now we know where to go for help if things change again. call or come in today to take control of your personal economy. get free one-on-one help from america's retirement leader. romney: "it's time to stand up to the cheaters" vo: tough on china? not mitt romney. when a flood of chinese tires threatened a thousand american jobs... it was president obama who stood up to china and protected american workers. mitt romney attacked obama's decision... said standing up to china was "bad for the nation and our workers." how can mitt romney take on the cheaters... when he's taking their side? >> this is deadly earnest. how they can justify, how they can justify raising taxes of the middle class that has been buried the last four years, how if lord's name can they justify that? >>neil: it is a gaffe that now is a romney ad campaign since the vice president started talking about the middle class getting buried, republicans have wasted barely a nano second capitalizing. the question tonight is
we changed our plan and did something about our economy. now we know where to go for help if things change again. call or come in today to take control of your personal economy. get free one-on-one help from america's retirement leader. romney: "it's time to stand up to the cheaters" vo: tough on china? not mitt romney. when a flood of chinese tires threatened a thousand american jobs... it was president obama who stood up to china and protected american workers. mitt romney attacked...
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global economy. to. play. welcome back to crossfire and people will remind you we're talking about the politics of austerity. and now we're joined by our garland in st louis he's a strategic trend analyst and author of future incorporated how businesses can in tissue paper and profit from what's next all right eric thank you for joining us from st louis what about the politics of austerity because it seems to me it's turned into an ideology it's a new religion as i said in the first part of the program no one really cares if the patient if i can use that medical term survives this ideology this methodology go ahead. it's funny you know that whole term austerity is not one i like very much because it has all these punitive connotations as opposed to what it really means which is that we need fiscal policies that make sense and by making sense you can't spend more than you take in for very long everybody with common sense knows this and all we're saying is that our current systems that are very large and more co
global economy. to. play. welcome back to crossfire and people will remind you we're talking about the politics of austerity. and now we're joined by our garland in st louis he's a strategic trend analyst and author of future incorporated how businesses can in tissue paper and profit from what's next all right eric thank you for joining us from st louis what about the politics of austerity because it seems to me it's turned into an ideology it's a new religion as i said in the first part of the...
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the economy looks better than romney does. that's the problem he faces. >> one of his biggest challenges tonight is to stand on that stage and convince people watching, something north of 60 million people will tune in, that he understands the lives and problems of average americans, ordinary americans, the people struggling to put food on the table. >> that would be a fraud, though, doesn't he? we've been watching this guy for weeks and months and months and years now, running for president. there's been no evidence he gets it. >> you know, that's my conclusion, but i think if he's going to truly reset this -- even to get a second look, i think he needs to be able to connect on a level that he hasn't done. >> that's what people say -- >> he's not occasionally -- >> i gave this guy a second look. >> i think if he has a strong performance, if he does talk about economy and big ideas and is able to show himself as a humane person -- >> but you say this -- >> anything with a -- >> you're a skeptic. >> i am. i think he will win on
the economy looks better than romney does. that's the problem he faces. >> one of his biggest challenges tonight is to stand on that stage and convince people watching, something north of 60 million people will tune in, that he understands the lives and problems of average americans, ordinary americans, the people struggling to put food on the table. >> that would be a fraud, though, doesn't he? we've been watching this guy for weeks and months and months and years now, running for...
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the first three are the economy, the economy, the economy. great news for mitt romney. lay it out. >> bob: what would it be? >> eric: lower, across the board, 20% tax cuts across the board. closing loopholes. lay it out. turn to president obama. if he has a chance to say we know yours don't work. look at what is going on. household incomes are down $4,500 per household. net worth down 30%. gasoline prices doubled. i'd do it for three blocks. >> bob: you think romney ought to lay out what the deductions are? >> dana: no. >> eric: you know, well, whatever. sure, why not, why not say here, we'll post loopholes on xyz. that's fine. it won't hurt. >> greg: we end up talking about loopholes all the time. mitt will lose. there are huge issues here. i go back to benghazi. you go to high unemployment. there is serious -- >> dana: if you are going to talk about the economy, then certainly there will be a question tonight about the entitlement program. most importantly social security and medicare. if you talk about the specifics, why not then however romney is going to answer it,
the first three are the economy, the economy, the economy. great news for mitt romney. lay it out. >> bob: what would it be? >> eric: lower, across the board, 20% tax cuts across the board. closing loopholes. lay it out. turn to president obama. if he has a chance to say we know yours don't work. look at what is going on. household incomes are down $4,500 per household. net worth down 30%. gasoline prices doubled. i'd do it for three blocks. >> bob: you think romney ought to...
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how should be addressed the economy? >> one of the mistakes the romney campaign made in trying to blame the president for the economy when you look at the reality most americans believe george bush shares more responsibility because the president inherited a mess. if that is the perception of voters try to shake that perception when it is not working it is a problem. with respect to the president he has an advantage. doesn't get all the blame. it was a terrible fiscal crisis and terrible unemployment crisis. dennis: what is your bike to obama? >> the president needs to paint the picture and be clear about where we have been and where we are and where we are going. make it clear the future is brighter. dennis: i am sick of the president blaming the other guy for problems he helped create. what do you say? >> my furnace sauce going into this is romney has to state you have been the president for the last four years, not george w. bush. we came out of some real problems in 2008 but the economy was getting better. the admini
how should be addressed the economy? >> one of the mistakes the romney campaign made in trying to blame the president for the economy when you look at the reality most americans believe george bush shares more responsibility because the president inherited a mess. if that is the perception of voters try to shake that perception when it is not working it is a problem. with respect to the president he has an advantage. doesn't get all the blame. it was a terrible fiscal crisis and terrible...
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what do they have to say about health care, the economy. it is the first presidential debate of 2012. it is important. debate night 2012, watch it here live, cnn, starting at 7:00 and cnn.com. >>> all right, so overcoming a disability is tough enough. it is a battle on its own. but new add to that bullying. because that's what kids do. and that fight can get downright cruel. but our chief medical correspondent dr. sanjay gupta is about to introduce to you a 13-year-old who is showing all of those bullies what he's made of and he's using his own disability as his tool. it is awesome. here's today's human factor. ♪ you can go and join my circle ♪ >>> listening to jake rap, you have no idea he suffers from a speech disorder, so debilitating that he used to keep to himself. >> he started speaking at the age of 2, and with single words it wasn't so bad. when he would get into sentences with a couple of words, two or three words, that's when it started to come in. >> those who love jake knew he needs to get the words out. let him finish what
what do they have to say about health care, the economy. it is the first presidential debate of 2012. it is important. debate night 2012, watch it here live, cnn, starting at 7:00 and cnn.com. >>> all right, so overcoming a disability is tough enough. it is a battle on its own. but new add to that bullying. because that's what kids do. and that fight can get downright cruel. but our chief medical correspondent dr. sanjay gupta is about to introduce to you a 13-year-old who is showing...
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we got a little good news today on the economy. overall, auto sales were up 13% last month from a yearefore. among the u.s. automakers, ford sales were unchanged, g.m.'s were up 1.5%, chrysler reported a 12% increase. there hasn't been enough good news like that on the economy. the recovery, of course, is painfully slow and one of the biggest reasons is the recession in europe. the 27 countries of the european union add up to the world's- largest economy, but they're reportrecordnemployment. in spain, unemployment among young people is 50%. mark phillips went to barcelona to see what happens when an economy goes into freefall. >> reporter: spain can be a deceptive place. in the early autumn sunshine and in the markets groaning with foodstuffs it's difficult to tell this is a country with a collapsing economy and unemployment rate of 25% that threatens to take the rest of europe and maybe even the united states economy down with it. but wait until they close up at barcelona's boqueria market and follow the porters out back to where
we got a little good news today on the economy. overall, auto sales were up 13% last month from a yearefore. among the u.s. automakers, ford sales were unchanged, g.m.'s were up 1.5%, chrysler reported a 12% increase. there hasn't been enough good news like that on the economy. the recovery, of course, is painfully slow and one of the biggest reasons is the recession in europe. the 27 countries of the european union add up to the world's- largest economy, but they're reportrecordnemployment. in...
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they are the economy, the economy, and the economy. half of the debate, he wants to focus on arguably the most important issue, the economy. then will turn to health care and the role of government. a philosophical debate about how president obama and governor romney see the debate -- role the government plays in the lives of american people. they have considerable philosophical differences on that. the last section will be on governing, which i do not know for sure, but i will predict has something to do with how they will get done all these things they are talking about, given how polarized and divided washington has been. we are hoping. we are going to be very interested in the reaction from your viewers, what they think about this. through twitter, facebook, are partners, we have an enormous amount of data coming into less about what people think about the questions that it asked. that is a process that will be fed into the moderators for the coming debates. we hope it will give the american people the chance to say, we like this f
they are the economy, the economy, and the economy. half of the debate, he wants to focus on arguably the most important issue, the economy. then will turn to health care and the role of government. a philosophical debate about how president obama and governor romney see the debate -- role the government plays in the lives of american people. they have considerable philosophical differences on that. the last section will be on governing, which i do not know for sure, but i will predict has...
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economy is recovering, though. joining us now is steve murphy, a democratic strategist and managing partner at mvar, and gretchen hamill is a republican strategist and executive director at public notice. nice to have you both with us. steve, perhaps you can kick it off for us. what do you think tonight holds? >> you know, here's what barack obama has to do. the debate right now in the campaign is very heavily over economic policy going forward. that's where barack obama wants to focus. he will accuse mitt romney of seeking $4 trillion, $5 trillion in additional tax cuts for the wealthy while raising taxes on the middle class. there will be a lot of talk about that because mitt romney disputes that he would be cutting taxes -- excuse me, raising taxes on the middle class. at the same time, he's challenged. obama's challenge is not to be too cocky. with good reason, he gets cocky sometimes. he's got to be careful that he doesn't is a moment like he had in the new hampshire debate in 2008 where he said hillary is lik
economy is recovering, though. joining us now is steve murphy, a democratic strategist and managing partner at mvar, and gretchen hamill is a republican strategist and executive director at public notice. nice to have you both with us. steve, perhaps you can kick it off for us. what do you think tonight holds? >> you know, here's what barack obama has to do. the debate right now in the campaign is very heavily over economic policy going forward. that's where barack obama wants to focus....
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>> jobs and the economy. our governor tries to bring business with jobs and employing people but constantly fighting the federal government of overregulation. that has got to stop. romney will make a difference not only in our state but then the country. gerri: it is a pleasure. i will be watching the debate tonight. pam bondi. stocks are higher today with the new jobs report but is it something to be happy about? up review -- a preview of friday's report next. gerri: the jobs market. the private sector hiring last month 160,000 jobs added. lower than the month before. here to break down is our harvard economist. jeffrey, this is a payroll processor the works of private businesses, what does it mean for the jobs report on friday? >> appms numbers are not always indicators it is a pretty good report by it is not great consistent over months with the new normal we grow slowly so the unemployment rate does not come down even though people employed is going up not much faster. gerri: they say small business hirin
>> jobs and the economy. our governor tries to bring business with jobs and employing people but constantly fighting the federal government of overregulation. that has got to stop. romney will make a difference not only in our state but then the country. gerri: it is a pleasure. i will be watching the debate tonight. pam bondi. stocks are higher today with the new jobs report but is it something to be happy about? up review -- a preview of friday's report next. gerri: the jobs market. the...
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where are they really talking about the economy it's not the economy stupid as they once said it's war and that's all they're talking about and that's an interesting point in terms of the economy what we've heard this conversation turned into is tax is the candidates focused on their tax policies but none of that no amount of taxing is going to get the country out of its fiscal problems in terms of the debt that it faces i'm curious what you think we'll see in the next four years and terms of the consequences of what you essentially call it papering over what should have been a collapse after the panic of zero eight with fed policy and with stimulus and bailouts. or you're seeing it already with bernanke eased record low interest rates and saying that they're not going to go up slip they're doing is they have flooding the economy with more cheap money and devaluing the dollar you know that i dance walking about goldsack along now yeah and what's gold you know it's at seventeen seventy seven as we speak and here's our forecast by the way is gold closes out this week at over seventeen hu
where are they really talking about the economy it's not the economy stupid as they once said it's war and that's all they're talking about and that's an interesting point in terms of the economy what we've heard this conversation turned into is tax is the candidates focused on their tax policies but none of that no amount of taxing is going to get the country out of its fiscal problems in terms of the debt that it faces i'm curious what you think we'll see in the next four years and terms of...
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he thinks the economy is bad but he used to decide whether we're in recession. he doesn't think we're there yet. >> he used to side whether to call it a recession. i don't think he decided whether we went into. david: no, i don't think anybody would decide to do that. lauren: it feels like we're in one, right? that's what matters. >> to the people surely out of work it surely feels like a recession. people struggling to get orders it feels like a recession. i don't think the technical issue matters. i think the real challenge ahead is do we go over the fiscal cliff january 1st? if we do, then for sure we're going to be in a recession. that will take 3 1/2% out of the gdp. that is a stroke of midnight. that is a big hit. we don't grow at 3 1/2%. so that clearly would put us in. lauren: the chief economist of the imf said today it will take 10 years to get out of this funk. that was just amazing. but you've been very clear about this, wilbur. saying that mitt romney is the guy to help the markets. why are you so bullish on mitt romney? >> well, for several reasons
he thinks the economy is bad but he used to decide whether we're in recession. he doesn't think we're there yet. >> he used to side whether to call it a recession. i don't think he decided whether we went into. david: no, i don't think anybody would decide to do that. lauren: it feels like we're in one, right? that's what matters. >> to the people surely out of work it surely feels like a recession. people struggling to get orders it feels like a recession. i don't think the...
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this is a big deal but very dangerous to the economy. and mitt romney, the challenger is this an intimacy where he gets a vote, but he should be highlighting the importance of getting here to the spring. once you get to spring coming out to do some pain. you do have to commit to the two things that we don't like bush is raising taxes and cutting spending. >> i totally agree with that. i think we need to hear from the candidates that they are serious about getting deficits down to economical sustainable levels over the next 10 years and that they will not a short-term fiscal cliff for the economy, but that isn't another version of benjy saying we're going to kick the can down the road again. i would also like to position to be that we revert to what we sat in current law. i would like that to be the default, rather than the default to be business as usual. i would like them to stick to current law. [inaudible] >> if you think about the way policy is made for the last two years convoyed really fallen into a horrible pattern of only making
this is a big deal but very dangerous to the economy. and mitt romney, the challenger is this an intimacy where he gets a vote, but he should be highlighting the importance of getting here to the spring. once you get to spring coming out to do some pain. you do have to commit to the two things that we don't like bush is raising taxes and cutting spending. >> i totally agree with that. i think we need to hear from the candidates that they are serious about getting deficits down to...
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how is the economy doing? joined by alison kosik, new york stock exchange, to talk a little bit about this. alison, the candidates will be pressing each other on the whole issue of jobs. what does the picture look like for jobs? >> you know, with jobs, it is improving slowly, but the reality is it is just not great. we got another little sliver of information today from adp, it said private sector employment gained by 162,000 jobs in september, but this is just a clue of what to expect on friday from the government jobs report. that's really the biggie, the report that counts. it factors in the private sector jobs, it counts government jobs which actually have been shrinking and the expectation is that the economy added 110,000 jobs in september. and, you know, that would be just be okay, because the reality is we have got a long way to go. in early 2009, the economy lost over 800,000 jobs a month. this by the way is the year that president obama took office. compared to that, 110,000 on friday would be good.
how is the economy doing? joined by alison kosik, new york stock exchange, to talk a little bit about this. alison, the candidates will be pressing each other on the whole issue of jobs. what does the picture look like for jobs? >> you know, with jobs, it is improving slowly, but the reality is it is just not great. we got another little sliver of information today from adp, it said private sector employment gained by 162,000 jobs in september, but this is just a clue of what to expect on...
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the impact the winter will have on the economy. melissa: take a look at metals had with those who break. gold trading up. copper, basically what. we will be right back. ♪ you see us, at the start of the day. on the company phone list that's a few names longer. you see us bank on busier highways. on once empty fields. everyday you see all the ways all of us at us bank are helping grow our economy. lending more so companies and communities can expand, grow stronger and get back to work. everyday you see all of us serving you, around the country, around the corner. us bank. that's a good thing, but it doesn't cover everything. only about 80% of your part b medical expenses. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, they pick up some of what medicare doesn't pay. and save you up to thousands of dollars in out-of-pocket costs. call today to request a free decision guide to help you better understand what
the impact the winter will have on the economy. melissa: take a look at metals had with those who break. gold trading up. copper, basically what. we will be right back. ♪ you see us, at the start of the day. on the company phone list that's a few names longer. you see us bank on busier highways. on once empty fields. everyday you see all the ways all of us at us bank are helping grow our economy. lending more so companies and communities can expand, grow stronger and get back to work....
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the worst economy since the depression. i think he will lay out that we made strides, we can do more. if you follow his path, that focus is on the economy from the middle out. we'll do a lot better in the next four years. >> mayor villaraigosa, thank you very much. candy, back to you. >> thanks, jessica we want to go on the other side of the spin room, where we find jim acosta, who also has a guest. hey, jim. >> candy, i'm joined by senior adviser kevin madden. mitt romney preparing for this debate off and on over the last month, since the republican convention. is he ready? >> i think he's very well prepared. if you look at governor romney's career, whether it's been as a governor, as head of the olympics or a business, he's always prepared. he sees this as an important opportunity to go out and really cut through a lot of clutter in the campaign, talk directly to the public about the issues. he's prepared to do that. >> one of the topics that came up tonight in the news cycle, is what governor romney said to a local news
the worst economy since the depression. i think he will lay out that we made strides, we can do more. if you follow his path, that focus is on the economy from the middle out. we'll do a lot better in the next four years. >> mayor villaraigosa, thank you very much. candy, back to you. >> thanks, jessica we want to go on the other side of the spin room, where we find jim acosta, who also has a guest. hey, jim. >> candy, i'm joined by senior adviser kevin madden. mitt romney...
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a big part of his record handling the economy is here. now denver will decide if he gets another four years. he leaned on bill clinton to make the case this is no way he could have turned this around in four years. >> the economy is not fixed. i am telling you, nobody could have fixed this much damage in four years. the president's mock plan is better in the short run, the long run and a vision where all of us in this together is better than you be often your own. there is no on your own country in the world succeeding like those who have a good "we are all in this together" strategy. >>reporter: the order of questions is decided. the president gets the first. the problem with the argument that former president clinton made in 2009 president obama said if he didn't turn this around in 3 or 3 1/2 years it would be a one-term proposition. something governor romney will point out. >> the governor aides say -- the obama camp will focus on the economy, taxes and the deficit and will hit romney hard on the idea that bill clinton has been making
a big part of his record handling the economy is here. now denver will decide if he gets another four years. he leaned on bill clinton to make the case this is no way he could have turned this around in four years. >> the economy is not fixed. i am telling you, nobody could have fixed this much damage in four years. the president's mock plan is better in the short run, the long run and a vision where all of us in this together is better than you be often your own. there is no on your own...